iShares MSCI ACWI ETF (NASDAQ:ACWI) Sets New 12-Month High at $118.73

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $118.73 and last traded at $118.69, with a volume of 78416 shares trading hands. The stock had previously closed at $118.21.

iShares MSCI ACWI ETF Trading Up 0.3 %

The business has a fifty day moving average of $114.13 and a two-hundred day moving average of $111.71. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its stake in shares of iShares MSCI ACWI ETF by 12.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 165,518 shares of the company’s stock worth $18,604,000 after purchasing an additional 17,937 shares in the last quarter. Partners Capital Investment Group LLP lifted its position in shares of iShares MSCI ACWI ETF by 10.2% in the fourth quarter. Partners Capital Investment Group LLP now owns 264,294 shares of the company’s stock valued at $26,897,000 after acquiring an additional 24,550 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of iShares MSCI ACWI ETF by 13.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 119,706 shares of the company’s stock worth $12,043,000 after acquiring an additional 14,208 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of iShares MSCI ACWI ETF during the fourth quarter worth approximately $31,000. Finally, Phillips Wealth Planners LLC purchased a new position in iShares MSCI ACWI ETF in the 4th quarter valued at $384,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Company Profile

The iShares MSCI ACWI ETF (ACWI) is an exchange-traded fund that is based on the MSCI AC World index. The fund tracks a market cap-weighted index of large- and mid-cap global stocks, covering 85% of the developed and emerging markets capitalization. ACWI was launched on Mar 26, 2008 and is managed by BlackRock.